Month: November 2020

  • Alcoa Announces Agreement to Sell Rolling Mill to Kaiser Aluminum

    Alcoa Corporation today announced an agreement to sell its rolling mill business, held by Alcoa Warrick LLC, to Kaiser Aluminum Corporation for total consideration of approximately $670 million, which includes $587 million in cash and the assumption of $83 million in other postretirement employee benefit (OPEB) liabilities.   The sale…

  • 3M and Rad AI Partner on AI-Powered Efficiencies for Radiology Reporting

    3M Health Information Systems and Rad AI have teamed up to offer Rad AI’s advanced technology for generating customized radiology report impressions integrated with 3M™ M*Modal Fluency for Imaging, 3M’s complete radiology reporting and workflow management solution. By building on the artificial intelligence (AI) capabilities of both companies, 3M and…

  • ArcelorMittal Develops Novel Floor Ring Integrating Battery and Occupant Protection for EVs

    The Product Development group at ArcelorMittal Tailored Blanks (AMTB) has developed a novel floor ring which integrates battery and occupant protection in battery electric vehicles (BEVs). The concept enables OEMs to integrate BEV powertrains in existing body architectures for internal combustion engine (ICE) models.   The floor ring concept makes…

  • Mitsubishi Heavy Invests in Monolith Materials to Support Clean Hydrogen Production

    Monolith Materials, Inc. has received an investment from Mitsubishi Heavy Industries America, Inc. to support its commercial-scale, emissions-free hydrogen manufacturing technology. The announcement is the latest in a series of recent strategic investments made by MHI in support of achieving a decarbonized world.   Monolith Materials is the first US…

  • Doosan Heavy Industries & Construction To Develop Laos Hydropower Plant With Korea Western Power

    Doosan Heavy Industries & Construction announced on November 30 that it had signed an MoU with Korea Western Power to cooperate on developing a hydropower plant in Phou Ngoy, Laos. The Thailand-based developer Charoen Energy and Water Asia (CEWA) had initially signed the deal with the Laos government to develop…

  • Trackunit And IPAF Announce Epal Digital ‘Powered Access License’

    Trackunit, a specialist in fleet management solutions for connecting machines and operators, and the International Powered Access Training Federation (IPAF) have announced the co-development of a digital Powered Access License, designated ePAL.   Replacing the established credit-card-style physical PAL Cards, ePAL credentials will be delivered and stored on operators’ mobile…

  • PPG To Acquire Global Coatings Manufacturer Ennis-Flint

    PPG (NYSE:PPG) today announced that it has reached a definitive agreement to acquire Ennis-Flint, a global manufacturer of coatings with a broad portfolio of pavement marking products, including paint, thermoplastics and other advanced traffic technologies. The transaction, valued at approximately $1.15 billion, is expected to close within the next few…

  • DSM Engineering Materials Improves European Distribution Through Key Strategic Partnerships

    Royal DSM, a global science-based company active in Health, Nutrition and Sustainable Living, today announces that it will improve its distribution set-up by shifting to a two-channel distribution model per country through three strategic partners: Nexeo Plastics, Resinex and TER Plastics POLYMER GROUP. This step will streamline our distribution set-up…

  • CNH Industrial, Accenture And Microsoft Collaborate To Develop Connected Industrial Vehicles

    Accenture (NYSE: ACN) and Microsoft (NASDAQ: MSFT) are collaborating with CNH Industrial (NYSE: CNHI / MI: CNHI) to help the capital goods company enhance its digital capabilities and develop “smart” connected products and services.   The program is an integral part of CNH Industrial’s digital transformation initiative, which is designed…

  • New CEO For Trackunit

    Trackunit has announced that its chief executive Joergen Raguse has been appointed vice chairman of the board at Trackunit, while Soeren Brogaard takes over as chief executive effective 1st December.   Raguse joined Trackunit from M-tec in 2012 as sales director, becoming chief executive in 2015. He started out with…

  • Keysight And Elringklinger AG Collaborate To Advance E-Mobility

    Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, and ElringKlinger, one of the world’s leading technological partner to the automotive industry, have collaborated to advance e-mobility in the field of battery development for electric…

  • John Deere Takes On Tough Terrain With New 953ml Shovel Logger

    John Deere announces the new 953ML Shovel Logger, providing a purpose-built solution for loggers operating in wetland and swamp conditions. The 953ML is equipped to help loggers outmaneuver the muck, tackling challenging job sites with its powerful live heel boom, durable track system and comfort-boosting operator station.   “We are…

  • Teresa Rasmussen And Michael Happe Elected To Board Of Directors

    H.B. Fuller Company (NYSE: FUL) today announced that it has elected Michael Happe and Teresa (Terry) Rasmussen as independent members to its board of directors. Ms. Rasmussen’s appointment is effective today, November 30, 2020, while Mr. Happe’s appointment will be effective January 20, 2021. The election of these two new…

  • KUKA Receives Major Order for Body-In-White Production of the ID. BUZZ from Volkswagen Commercial Vehicles

    Volkswagen Commercial Vehicles is focusing on electromobility and with the ID. BUZZ brings its classic, the Bulli, to the road as a fully electric version. KUKA is responsible for the planning, delivery, assembly and commissioning of a fully automated body shop system for the underbody of the all-electric ID. BUZZ.…

  • Alcoa Schedules Fourth Quarter and Full Year 2020 Earnings Release and Conference Call

    Alcoa Corporation plans to announce its fourth quarter and full year 2020 financial results on Wednesday, January 20, 2021 after the close of trading on the New York Stock Exchange.   The press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa’s…

  • GE Renewable Energy Scores Another Win in Vietnam

    GE to supply 8 of its 3 MW-137 wind turbines, from its proven 3 MW onshore wind turbine portfolio Contracts include supply and commissioning of a 27.2 MW wind farm in the South Central Region of Vietnam as well as 10 years O&M agreement   GE Renewable Energy announced that…

  • Kuhn North America Inc. KUHN VB 560 5 X 6 Round Baler

    With industry-leading cycle times, thanks to the twin tensioning arm system and the fastest tailgate speed of any 5 x 6 baler, Kuhn’s VB 560 offers the productivity needed to put up high-quality hay in tight weather windows. The twin tension arms create rock solid bales that hold their shape…

  • Lydall Announces Third Quarter 2020 Results

    GAAP Financial Data Year to date cash flow from operations of $74.6 million, compared to $63.0 million Third quarter ending cash balance of $122.0 million, compared to $51.3 million at December 31, 2019 Net sales of $207.1 million, up 0.9% Gross margin of 18.3%, up 60 basis points Operating loss…

  • Bridgestone BATTLAX Motorcycle Tires Selected as Original Equipment on Yamaha TRACER 9 Series

    BATTLAX SPORT TOURING T32 tires are now available as original fitment on the 2021 Yamaha TRACER 9 ABS and TRACER 9 GT ABS. Featuring advanced technology from Bridgestone, the BATTLAX SPORT TOURING T32 offers enhanced grip and adhesion and reduces the tire’s slip ratio in wet and difficult conditions. The…

  • Doosan Heavy Industries & Construction To Cooperate With KOEN On Large-Scale Offshore Wind Farm Projects

    Doosan Heavy Industries & Construction announced on November 27 that it had signed a memorandum of understanding with Korea South-East Power Company (KOEN) for the promotion of offshore wind farms in Korea.   With the signing of the MOU, the two companies agreed to cooperate on the 2GW offshore wind…

  • Register Now For The Trosifol® Web Seminar „Glazing Solutions And Innovations With Laminated Glass For Buildings

    This presentation reviews the glazing solutions for buildings provided by laminated glass together with recent innovations in interlayer technology. Event status: Not started (Register) Date and time: Thursday, December 10, 2020 5:30 am Europe Time (Berlin, GMT+01:00) Panelist(s) Info: Phillip Davies is a Consultant on Architectural Market Development and Customer…

  • Komatsu Sells Two New LT1051 Lhds In Chile To Contract Miner Mas Errázuriz

    The underground mining services company Mas Errázuriz has acquired two 10 t class LHDs of the model LT1051 from Komatsu Mining, to be used in a copper mine in Chile’s Region IV, and replacing competitive equipment.   Emerson Tobar, Account Manager at Komatsu Mining in Chile said the model’s main…

  • DSM And Neste Announce Strategic Partnership To Create High Performance Materials Made From Sustainable Feedstock

    Royal DSM, a global science-based company active in nutrition, health and sustainable living, today announced that it will start a strategic partnership with Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel and a forerunner as provider of renewable and circular solutions for the chemical industry, to…

  • Vision Group Holds First Virtual AGM

    Kabushenga explained that the effects of COVID-19 and the measures to manage it severely disrupted the business operations of the company and those of the business partners Vision Group has today held it’s 19th Annual General meeting. Due to the COVID-19 guidelines in place, the company held its first ever…